Results 15,921-15,940 of 32,593 for speaker:Paschal Donohoe

Written Answers — Department of Finance: EU Directives (12 Feb 2019)

Paschal Donohoe: The Solvency II Directive (2009/138/EC), which entered into force 1 January 2016, sets out new, more comprehensive EU-wide requirements on capital adequacy and risk management for insurers. It was transposed into Irish law via the European Union (Insurance and Reinsurance) Regulations 2015 (S.I. No. 485 of 2015). Solvency II represents a significant change to the regulatory framework...

Written Answers — Department of Finance: Central Bank of Ireland Enforcement Actions (12 Feb 2019)

Paschal Donohoe: As Minister for Finance, it would not be appropriate for me to comment on specific enforcement measures taken by the Central Bank of Ireland, the position of them or the reason for them. The Deputy will appreciate that I am responsible for the development of the legal framework governing financial regulation, whereas the day to day supervision of insurance undertakings is a matter for the...

Written Answers — Department of Finance: Revenue Commissioners Staff (12 Feb 2019)

Paschal Donohoe: In September 2018, the Government granted approval for phased recruitment of an additional 600 Revenue staff to meet the challenges posed by Brexit. Budget 2019 provided Revenue with the funding needed for 270 of the additional 600 staff to be recruited during 2019 to manage an orderly UK withdrawal. Following the Government decision to give greater priority to the preparations for a...

Written Answers — Department of Finance: Economic Data (12 Feb 2019)

Paschal Donohoe: I propose to take Questions Nos. 169 and 170 together. Firstly, it is worth noting that projections for the General Government (GG) revenue and expenditure for 2018 to 2023 can be found in table 11 of the Economic and Fiscal Outlook, published as part of Budget 2019. The figures are reproduced below for the Deputy’s convenience. As the Deputy will appreciate, projections beyond 2023...

Written Answers — Department of Finance: Ministerial Advisers Data (12 Feb 2019)

Paschal Donohoe: I wish to inform the Deputy that Ministerial appointments in the Department of Finance are made in line with “Instructions to Personnel Officers - Ministerial Appointments for the 32nd Dáil” which include “Guidelines on staffing of Ministerial offices” issued by the Department of Public Expenditure and Reform. The salary scale for Special Advisers to a...

Written Answers — Department of Finance: Revenue Commissioners Enforcement Activity (12 Feb 2019)

Paschal Donohoe: I am advised by Revenue that, in general, Enforcement Officers are not subject to physical security checks entering or leaving the premises where they are based from time to time. In the case of Enforcement Staff operating in airports, staff may be subject to physical security checks when entering and re-entering the critical part of the security restricted area i.e. the airside area of the...

Written Answers — Department of Finance: Revenue Commissioners (12 Feb 2019)

Paschal Donohoe: I am advised by Revenue that it operates in a manner that is sensitive to the needs of vulnerable customers within its casebase of 2.4 million customers, when carrying out its statutory functions. Revenue’s customer service charter specifies that all customers will be treated courteously, with consideration and in a non-discriminatory way in their dealings with Revenue. There are...

Written Answers — Department of Finance: Appointments to State Boards (12 Feb 2019)

Paschal Donohoe: A number of officials from my Department are serving on boards of international institutions and banks. However, I take it that the Deputy’s question relates to officials appointed to domestic boards and agencies. Eight officials from my Department are currently serving on nine domestic boards or agencies. Four have been appointed to six boards on an ex-officio basis, with two of...

Written Answers — Department of Finance: Insurance Compensation Fund (12 Feb 2019)

Paschal Donohoe: Setanta Insurance ("Setanta") was placed into liquidation by the Malta Financial Services Authority on 30 April 2014. As it was a Maltese incorporated company, the liquidation is being carried out under Maltese law. The Deputy will be aware that the Insurance (Amendment) Act 2018 (Act 21 of 2018) was enacted in July 2018. The Act inter alia provides for revised arrangements for the on-going...

Written Answers — Department of Finance: Tax Credits (12 Feb 2019)

Paschal Donohoe: I am advised by Revenue that it has now completed a comprehensive review of the person’s tax situation. Following the review, additional tax credits were allocated to the person in respect of 2013 and a refund will issue in the coming days. Revenue is satisfied that the person’s tax credits in respect of all other years were correctly allocated and there are no further refunds...

Written Answers — Department of Finance: VAT Exemptions (12 Feb 2019)

Paschal Donohoe: The VAT rating of goods and services is subject to the requirements of EU VAT law, with which Irish VAT law must comply. In accordance with the EU VAT Directive, Irish legislation provides for an exemption from VAT for professional medical care services recognised as such by the Department of Health and Children. Those medical care services are generally supplied by health...

Written Answers — Department of Finance: Tracker Mortgages (12 Feb 2019)

Paschal Donohoe: The Central Bank of Ireland advises that, depending upon a customer’s personal circumstances, any such practice as outlined by the Deputy would have to comply with certain requirements of the Consumer Protection Code and be in the customer’s best interests. In particular, the following requirements of the Consumer Protection Code will be relevant:- Provision 6.9(b) requires...

Written Answers — Department of Finance: Financial Services Regulation (12 Feb 2019)

Paschal Donohoe: I understand from the Central Bank that Glenbeigh Securities 2018-1 Designated Activity Company is not regulated by the Central Bank as an owner of credit. The Consumer Protection (Regulation of Credit Servicing Firms) Act 2018 requires owners of the legal title to credit to become authorised as credit servicing firms. The Act gives owners of the legal title to credit 90 days from the...

Written Answers — Department of Finance: Money Laundering (12 Feb 2019)

Paschal Donohoe: The Central Bank is the competent authority responsible for monitoring credit and financial institutions compliance with the requirements set out in Part 4 of the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010, as amended (‘the CJA 2010’). In this regard, authorised officers are appointed pursuant to the CJA 2010 and the Central Bank (Supervision and...

Written Answers — Department of Finance: VAT Rate Reductions (12 Feb 2019)

Paschal Donohoe: The VAT rating of goods and services is subject to EU VAT law, with which Irish VAT law must comply. In general, the VAT Directive provides that all goods and services are liable to VAT at the standard rate (which in Ireland is 23%) unless they fall within Annex III of the VAT Directive, in respect of which Member States may apply either one or two reduced rates of VAT. In addition, the...

Written Answers — Department of Finance: Energy Regulation (12 Feb 2019)

Paschal Donohoe: Taxation of natural gas is based on the purpose for which the fuel is used. Natural gas that is supplied to consumers for non-propellant fuel use, such as for heating, is subject to Natural Gas Carbon Tax (NGCT). The current rate of NGCT is €4.10 per megawatt hour. Suppliers of natural gas for non-propellant use are liable to account for and pay NGCT and must register with Revenue in...

Written Answers — Department of Finance: Betting Regulations (12 Feb 2019)

Paschal Donohoe: The increase in the betting duty rate from 1 per cent to 2 per cent, and the betting intermediary duty rate from 15% to 25%, came into effect on 1 January 2019. It is too early to draw any conclusions on the impact of these increases. Receipts from betting duty represented less than 1 per cent of all excise receipts in 2017 and this is also likely to be the case in for 2018. In addition,...

Written Answers — Department of Finance: Insurance Data (12 Feb 2019)

Paschal Donohoe: At the outset, it is important to note that as Minister for Finance, I am responsible for the development of the legal framework governing financial regulation and my Department does not collect the type of information being sought by the Deputy. I understand that the Central Bank of Ireland does not routinely collect the type of information being sought either. While the...

Written Answers — Department of Finance: Mortgage Repayments (12 Feb 2019)

Paschal Donohoe: I can confirm that the matter as described had not been drawn to my attention, prior to the Deputy's question. Officials in the Department referred the matter to PTSB and received the following answer: "The migration of the relevant mortgages between the two platforms is now completing, resulting in some short and once-off administrative delays in the processing of payments happening just...

Written Answers — Department of Finance: Film Industry Tax Reliefs (12 Feb 2019)

Paschal Donohoe: The purpose of the film corporation tax credit, found in section 481 Taxes Consolidation Act 1997, is to contribute to the development of a successful and dynamic audio-visual industry in Ireland contributing to the promotion of culture in the State, which can be referred to as the cultural dividend of the scheme. Significant changes to the film tax relief were introduced in 2015,...